Extracting hot points from sellers 6.

@Andrew Johnson I won't really know if the asking price is vastly above market value for the property because I don't know the extent of the repairs needed yet, but based on basic number crunching it shows the rents are far too low to support the value the seller intends on extracting from the sale. 

@Jason Mak @Bill ExeterExample:Sell SFR with $120k profitBuy apartment complex with seller financing, put $60k down, get $60k back from seller at closing.I'm assuming (knowing nothing about the 1031 process) that this can't be done, since you're extracting profits... 

But learning to extract information yourself is critical.If you start going to some local events and meeting other investors, you'll find there are lots of people in your area:  lots of people in the same situation as you, just starting out, and experienced investors, and everything in between. 

Personally, I think every investment should be treated as a business....If its not, you can't reasonably expect to extract the greatest possible ROI. 

Appraiser must extract value for all features/improvements from your local market.What do your comps have, that this property lacks?

Ok so there's a vacant hotel in a Cleveland suburb. The hotel and the suburb will remain nameless because it will be easily given away to those familiar with the area.  This is an old hotel built in the early 70's it'...

Good vendors should be able to complete the build-back within a couple of days after the water extraction team is finished.This is one of the major reasons that I always recommend to our clients to preemptively replace any water heater that is more than 10 years old.  

@Ron ReadIt is possible to joint venture several IRA plans into a single transaction, but sometimes the administrative cost and complexity of doing so defeats the purpose.Because the joint venture parties are all disqualified parties to each other, it becomes very rigid, and extracting any one party (such as a Coverdell) is not possible in most situations. 

In an environment where a bank has a lot of low interest loans fixed in the market and rates begin to rise though, a strong incentive would be created for bankers to seek out assets placed into LLCs and call those loans due (and then offer to refinance at the current higher rates) or at or very least to use the threat of calling the loan to extract concessions for renegotiation of the loan.